The Los Angeles Times reported Friday that recently opened NFT-themed burger joint Bored & Hungry no longer accepts cryptocurrency as a form of payment for its food. When questioned, one Bored & Hungry employee told the Los Angeles Times “Not today — I don’t know.” The individual didn’t give any indication of when the decision […]
Binance will soon be unveiling a new NFT collection in collaboration with Cristiano Ronaldo The NFT collection will reportedly launch by the end of this year. Binance, one of the leading cryptocurrency exchanges in the world, has announced its partnership with Portuguese footballer Cristiano Ronaldo to launch exclusive NFTs later this year. Binance Teams Up […]
eBay has been one of the first and most prominent E-commerce marketplaces that connect buyers and sellers directly for several years. As an organization, it has been known to keep up with trends and follow generational changes with time, with its most recent endeavour being owning the famed NFT marketplace KnownOrigin. Read on to know […]
As the conversation around privacy intensified with the recent Litecoin (LTC) upgrade called Mimblewimble and regulators’ reaction to the feature, Adrian Brink, the founder of blockchain protocol Anoma, weighed in on the topic and shared his perspectives to Cointelegraph. According to Brink, privacy is an essential tool for democracy because it prevents huge corporations from […]
The evolution of the cryptocurrency and NFT market has shown that NFTs that do not have a community proposal quickly lose their value as they are not based on tangible benefits but only on FUD and speculation. Furthermore, offering APYs with extreme profitability, as happened with UST/LUNA, turned out to be a failed proposition that […]
Instagram's parent company Meta announced Wednesday that it will begin testing NFTs on Instagram Stories using its augmented reality platform SparkAR. CEO Mark Zuckerberg said of the announcement, “We're expanding our test so more creators around the world can display their NFTs on Instagram.” The company also mentioned in a recent article, "Creators and collectors will be able […]
Chainalysis, a blockchain data platform, today announced the launch of the Chainalysis Crypto Incident Response Service, a rapid response service for organizations that have been targeted by incidents such as a cyber attack, ransomware, market manipulation, or another type of exploit that involves a cryptocurrency theft or demand. How it works: An incident occurs (i.e. […]
Decentralized exchange platform dYdX has announced plans to build a standalone blockchain, according to details the Ethereum Layer-2 protocol shared on Wednesday. dYdX, one of the largest crypto derivatives platforms in the market today, says it intends to build the new chain based on the Cosmos SDK (software development toolkit). For transaction processing, the dYdX […]
The explosiveness and high dollar value of nonfungible tokens (NFTs) seem to either distract investors from upping their operational security to avoid exploits, or hackers are simply following the money and using very complex strategies to exploit collectors’ wallets. At least, this was the case for me way back when after I fell for a […]
This week’s newsletter highlights Yahoo’s plans to get involved in nonfungible tokens (NFTs) and metaverse-based projects. Also, watch manufacturer TAG Heuer is dipping its toes into NFTs, and digital collectible platforms in China have increased in number despite warnings from the government. On a positive note, a CryptoPunk that was donated to Aid For Ukraine sold […]
On Thursday, crypto derivatives platform dYdX, which is currently built on Ethereum Layer 2, announced that it would be moving to a standalone blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus for its V4 update. The firm cites the Cosmos blockchain's decentralization and performance as reasons for being a "best fit" for building […]
eBay, an e-commerce giant, has announced the acquisition KnownOrigin, a nonfungible token (NFT) marketplace that will help the e-commerce company foray further into the world of blockchain technology and digital collectibles. According to a press release on Wednesday, Manchester-based KnownOrigin has been purchased for an undisclosed amount. The firm enables artists and collectors to create, […]
Ask someone what an NFT is, and they'll instinctively think of digital art — the CryptoPunks, Bored Apes and Ether Rocks that have sold for eye-watering sums. In some circles, nonfungible tokens have been dismissed as a vehicle for speculation, with critics lamenting that demand for such assets is fueled by greed. But this argument […]
Source: AdobeStock / Romain TALON Social media giant Meta is working on a wallet for the metaverse as the company is expanding its NFTs test and launching new features for creators on Facebook and Instagram. "Ideally, you should be able to sign into any metaverse experience and everything you've bought should be right there. There's […]
Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits. The security firm on Tuesday released its report titled “Are Blockchains Decentralized?”, which was commissioned by the U.S. Government’s Defense Advanced Research Projects Agency (DARPA). The report aims to investigate […]
On Tuesday, Magic Eden, a popular nonfungible tokens, or NFTs, platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm, and Sequoia […]
Blockchain’s use across the world continues to gather massive traction, with use cases in virtually every aspect of the global society. And decentralized protocol Minima is set to add to that with its selection to the MobilityXlab program. Announced recently, the program will see the blockchain platform take part in an initiative aimed at creating […]
The Frogs Over Fiat art gallery in New York featuring Bitcoin NFTs opens tomorrow at 11 a.m ET in lower Manhattan. The art gallery will feature the Fake Rares and Fake Commons Rare collections of Rare Pepe art with many notable artists and collectors attending. Rare Pepes created a trading frenzy in 2016-17, inspiring these […]
A new Cardano EVM Sidechain for Solidity developers is set to increase interoperability between Cardano and Ethereum. The Ethereum Virtual Machine (EVM) is the virtual computer system at the heart of the Ethereum blockchain’s operating structure. Solidity developers will be able to bring their existing Ethereum applications to an EVM-compatible sidechain that supports all the […]
China declared a ban on cryptocurrency mining and trading last year. However, even after the ban, non-fungible tokens (NFTs) have remained in a territory lacking regulatory clarity. Local state media recently reported that the number of NFT platforms in the country had increased by five times within four months. NFT platforms in China surpass 500 […]
